Ryan Stokes out-works, out-earns rivals to take SGH to new highs
The SGH chief, one of The Australian Financial Review Business People of the Year for 2024, is renowned as one of the hardest-working CEOs in Australian big business.
SGH’s Ryan Stokes has deleted the “Seven” from the group’s name, reflecting just how small its media business is relative to its mining, infrastructure and construction materials interests. David Rowe
Ryan Stokes celebrates his 10th year in charge of SGH Ltd – known as Seven Group until a fortnight ago – this financial year.
In the first nine, he added cement maker Boral, sold WesTrac China to buy more of Australia’s Coates Hire and turned some fiddly small caps into a proper energy play. He got more out of SGH’s core WesTrac heavy equipment business than other investors thought possible and made SGH’s media interests, which include a 40 per cent stake in Seven West Media, almost immaterial to group earnings.
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